China has had a remarkably high ratio of investment to output throughout the period of economic reform, surpassing … almost all other economies, whether developed or developing.  The high investment rate is in turn an important proximate … investment is so high.  It considers factors both on the demand and on the supply side, and in the latter case the availability …

linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by … high working capital display high sensitivities of investment in working capital to cash flow (WKS) and low sensitivities … of investment in fixed capital to cash flow (FKS). We then construct and analyze firm-level FKS and WKS measures and find …

stands to gain from this decision. For our analysis, we consider the case of China’s trade, and investment relation in the … largely explained through elements of complementarities in trading and investment relationship. …